Sunsuria Group definition

Sunsuria Group or “Group”), and it spans over 525 acres in ▇▇▇▇▇ Tinggi, Putrajaya South (“Sunsuria City”). At the heart of Sunsuria City is the Xiamen University Malaysia Campus, the first overseas campus of Chinese university. Sunsuria City is also a transit-oriented development that is directly accessible through the dedicated ELITE Expressway interchange as well as the Express Rail Link (ERL). Sunsuria City sits adjacent to International Premium Outlet Mall and is only a short distance from Kuala Lumpur International Airport with fast connectivity to KL Sentral, adding an extra dimension of convenience. The Land is proposed to be developed into a unique theme-designed mixed development comprising of serviced apartments, retail shops, mall and boutique hotel together with such necessary infrastructure, amenities and public utilities as may be approved by the relevant authorities (“Project”). Application for planning approval of the Project is targeted to be submitted by the second (2nd) half of 2016. The estimated total gross development value (“GDV”) of the Project is approximately RM694 million. The estimated total gross development cost of the Project has yet to be determined and shall be finalised at a later stage. The development of the Project is targeted to commence in 2017 and to be completed by 2023.
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Examples of Sunsuria Group in a sentence

  • The Proposed Joint Venture is not expected to have any immediate material impact on the earnings of Sunsuria Group for the FYE 30 September 2016.

  • The highest percentage ratio applicable to the Proposed Joint Venture pursuant to Paragraph 10.02(g) of the Main Market Listing Requirement of Bursa Malaysia Securities Berhad is 0.03%, being the total equity participation of Sunsuria Group in SESB attributable to the net assets of the Group based on the audited consolidated financial statements of Sunsuria for the financial period ended 30 September 2015.

  • The effect of the Collaboration on the gearing of Sunsuria Group will be dependent on the eventual funding mix for the future development of the Projects (save for Project Alamanda).

  • The Proposed Joint Venture allows Sunsuria Group to unlock the value of the Land by having the Proposed Joint Venture via SESB, which is 40%-owned by Ever Rich through its investment arm, Welcome Global.

  • The Board of Directors of Sunsuria, having taken into consideration all aspects of the execution of the Supplemental Agreement, the Revocation of JDA and the Proposed Acquisition, is of the opinion that the aforesaid transactions are in the best interest of Sunsuria Group.

  • SCSB and SGSB’s portions of investment in SESB will be funded through internally generated funds of Sunsuria Group.

  • Save for the cost and expenses to be incurred in relation to the Shareholders’ Agreement and the Joint Development Agreement, there are no other liabilities (including contingent liabilities and guarantees) to be assumed by Sunsuria Group arising from the Proposed Joint Venture.

  • The Proposed Joint Venture may potentially expose Sunsuria Group to the normal operational risks associated with joint ventures including, among others, breaches and non- performance of obligations under the Proposed Joint Venture.

  • The Collaboration represents an opportunity for Sunsuria Group to participate, extend and expand its presence in the ongoing development projects and/or awarded projects by MLSB which are located at Selangor and Penang, therefore creating synergies between the Parties.

  • In addition, the Proposed Joint Venture is expected to pave the way for future collaboration between Sunsuria Group and Ever Rich both locally and overseas.